Zamano Raise €2.5M To Fund New Investment Plans

10th December: zamano announces the placing of over 13.8 million new shares with Ulster Bank Diageo Venture Fund, managed by NCB Ventures.

The money raised will be used to fund the company’s investment in smartphone application development and to take advantage of the growth of mobile advertising in emerging markets.

In addition, an element of the funding will be used to pay down bank debt, thereby strengthening the company’s balance sheet


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